Distribution Solutions Group Announces Senior Notes Offering Upsizing From $700 Million to $800 Million and Pricing
Distribution Solutions Group's escrow issuer, controlled by sponsor LKCM Headwater, priced an upsized $800 million offering of 10.000% Senior Notes due 2032, up from the previously announced $700 million. Proceeds will sit in escrow pending the going-private merger in which LKCM Headwater affiliates will acquire all DSG shares not already owned for $35.00 per share in cash, alongside an equity contribution and partial repayment of existing credit agreement debt.
Key figures
- Deal Value Usd
- 800000000
- Coupon
- 10.000%
- Notes maturity
- 2032
- Expected closing
- October 15, 2026
- Merger price per share
- $35.00
- Original offering size
- $700 million
AI analysis
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